Policy                                                                        Issuance Number: FSC 08-13

Food Stamp Certification Manual                     Issuance Date:   10/01/08

From: Joni Jones, Director                                Expiration Date: Until Superseded

Subj:   Revised Policy-Excluded Resources

Page to be deleted                        Dated                                 Page to be added                     Dated

FSC  4410   -   4430                    07/01/02                               FSC     4410   -   4430             10/01/08

FSC  4620   -   4651                    07/01/02                               FSC     4620   -   4651             10/01/08

SUMMARY OF CHANGES

FSC 4420, Household and Personal Goods/Life Insurance/Pension Funds, #6 has been deleted.  These resources are totally disregarded and incorporated as a disregard in a new section FSC 4421. The policy note to count interest income from retirement accounts has been deleted from FSC 4420.

FSC 4421, Pension or Retirement Funds, is a new section added to include retirement accounts as excluded resources. A chart identifying tax-preferred and employer sponsored accounts that are disregarded has also been added.

FSC 4460, Other Excluded Resources, has been revised to include educational accounts as an excluded resource.

FSC 4630, Individual Retirement Accounts (IRA), has been deleted because this type of account as of October 1, 2008 is an excluded resource.

FSC 4640, Keogh Plans, has been deleted because this type of account as of October 1, 2008 is an excluded resource.

Inquiries to:       Larry Crutchfield, Food Stamp (SNAP) Section,                 501-682-8276

                        Larry.Crutchfield@arkansas.gov

                        Yolanda Geary, Food Stamp (SNAP) Section,                    501-682-8286

                        Yolanda.Geary@arkansas.gov